Poor performance has cost the Magellan fund some $85 billion in outflows in the past 10 years but shareholders rejoice: There is good reason to to feel good about the fund’s newest PM, Will Feingold, Martketwatch reports.

Feingold, who currently PMs Fidelity Trend and a few other Fidelity [see profile] funds, favors growth companies but does not restrict investments to traditional growth sectors like technology, writes Sam Subramanian. He also bets on sectors such like nutrition and health consciousness.

"Feingold's experience in managing funds in the financial sector can prove valuable in charting Magellan in the current choppy market milieu," according to Subramanian.

Feingold's Fidelity Trend and Fidelity Advisor Strategic Growth funds have reportedly listed in the top 20 percent of large cap growth funds over the past five years. 

Edited by: Hung Tran


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